Home Loan Rates

All rates updated 5/24/2021 11:18:09 AM 

* Rate is subject to change based upon your banking relationship with Royal Heritage Commercial Bank. Rates shown are for New York only; for current rates available in other states, please call 866.427.2101.

1 Royal Heritage Commercial Bank Elite Mortgage requires combined personal deposit and investment‡ balances of at least $1,000,000 Global Dollars or equivalent at any member of the Royal Heritage Commercial Bank Group (in the Global or home country). The minimum balance requirement must be fully funded before the closing of the mortgage loan.  To learn more about the Elite Mortgage requirements contact an Royal Heritage Commercial Bank branch or call toll free at 844.Royal Heritage Commercial Bank.MTG (info@royalheritagecommercial.com) 

2 Royal Heritage Commercial Bank Deluxe Mortgage requires combined personal deposit and investment‡ balances of at least $75,000 Global Dollars or equivalent at any member of the Royal Heritage Commercial Bank Group (in the Global or home country). The minimum balance requirement must be fully funded before the closing of the mortgage loan. To learn more about the Deluxe Mortgage requirements contact an Royal Heritage Commercial Bank branch or call toll free at 844.Royal Heritage Commercial Bank.MTG (info@royalheritagecommercial.com) .

3 Royal Heritage Commercial Bank Preferred Mortgage requires combined personal deposit and investment‡ balances of at least $10,000 Global Dollars or equivalent at any member of the Royal Heritage Commercial Bank Group (in the Global or home country). The minimum balance requirement must be fully funded before the closing of the mortgage loan.  To learn more about the Preferred Mortgage requirements contact an Royal Heritage Commercial Bank branch or call toll free at 844.Royal Heritage Commercial Bank.MTG (info@royalheritagecommercial.com).

4 Discounts and loan amounts depend on specific program and may require certain personal deposit and investment balances, reserves, equity and automatic payment from an Royal Heritage Commercial Bank checking account.

5 Interest rate may increase per the terms stated in your adjustable rate note. ARMs not available in Rhode Island.

6 Mortgage and home equity products are offered in the Global by Royal Heritage Commercial Bank , N.A. and are only available for properties located in the U.S.

7 The CommunityWorks® program is only available in Washington DC and specific counties in CA, CT, DE, FL, MD, NJ, NY, PA, VA, WA. Certain income level restrictions may apply depending upon property location.

8 Available for prospective home buyers in New York. Certain income and purchase price limit restrictions apply and properties must be owner occupied, primary residences.

‡ Investment and certain insurance products, including annuities, are offered by Royal Heritage Commercial Bank Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC.  HSI is an affiliate of Royal Heritage Commercial Bank , N.A.

Mortgage and home equity products are offered in the Global by Royal Heritage Commercial Bank , N.A. and are only available for property located in the Global Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be cancelled or are subject to change at any time and cannot be combined with any other offer or discount.

*Explanation of Terms

Conforming and Affordable Mortgages

Conventional home mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally purchase first mortgages up to loan amounts mandated by Congressional directive.

Assumptions: The Conventional Fixed Rate, Adjustable Rate Mortgages and CommunityWorks APR and Monthly Payment calculation are based on the purchase of an owner occupied property, closing costs of $1263.75 plus points shown above, 15 days prepaid interest, a loan amount of $200,000. The SONYMA APR and Monthly Payment calculation is based on the purchase of an owner occupied property, closing costs of $1101.25 plus points shown above, 15 days of prepaid interest, a loan amount of $200,000. A down payment of 15%. A 90-day interest rate lock period is included for SONYMA and a 60-day lock period for CommunityWorks® and Conventional Mortgages.

**The APR interest rate and monthly payment shown for Adjustable Rate Mortgages (ARMs) may increase or decrease after the initial fixed rate period per the terms stated in your adjustable rate note.

Current Rates
Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates available to most customers. Your individual rate may vary.

Payment Examples

5/1 ARM: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 60 month(s) the payment will be $1852.46 with a corresponding simple interest rate of 3.750%; for the remaining 300 month(s), the estimated payment will be $2080.17 with a corresponding simple interest rate of 4.875%. The interest rate and monthly payment amount may vary after the first 60 months. 

30yr Fixed: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $1880.95 with a corresponding simple interest rate of $3.875%

30yr Fixed Community Works:  The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $1011.59 with a corresponding simple interest rate of 4.485%. 

30yr SONYMA: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be 1058.42 with a corresponding simple interest rate of $4.875%. 

Jumbo Mortgages

Annual Percentage Rate (APR) and Monthly Payment
The APR is the annual cost of the loan and includes fees (such as mortgage insurance, most closing costs, discount points and loan origination fees) indicating the total cost of the loan. Assumptions: The APR and Monthly Payment calculation is based on a loan amount of $2,000,000 for the purchase of an owner occupied property, a down payment of 35%, closing costs of $2373.75 plus points shown above, 15 days of prepaid interest and an interest rate with a 60-day lock period.

**The APR interest rate and monthly payment shown for Adjustable Rate Mortgages (ARMs) may increase or decrease after the initial fixed rate period per the terms stated in your adjustable rate note.

Current Rates
Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates available to most customers. Your individual rate may vary.

Payment Examples:

5/1 ARM Jumbo Select: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 60 months, the payment will be $8383.28 with a corresponding simple interest rate of 2.955%; for the remaining 300 months, the estimated payment will be $10257.16 with a corresponding simple interest rate of 4.875%. The interest rate and payment may vary after the first 60 months.

30yr Fixed Jumbo Select: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $9331.98 with a corresponding simple interest rate of 3.811%.

5/1 ARM Jumbo Preferred: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 60 months, the payment will be $8329.62 with a corresponding simple interest rate of 2.905%; for the remaining 300 months, the estimated payment will be $10247.74 with a corresponding simple interest rate of 4.875%. The interest rate and payment may vary after the first 60 months.

30yr Fixed Jumbo Preferred: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $9275.11 with a corresponding simple interest rate of 3.761%.

5/1 ARM Jumbo Deluxe: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 60 months, the payment will be $8064.20 with a corresponding simple interest rate of 2.655%; for the remaining 300 months, the estimated payment will be $10199.90 with a corresponding simple interest rate of 4.875%. The interest rate and payment may vary after the first 60 months.

30yr Fixed Jumbo Deluxe: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $8993.48 with a corresponding simple interest rate of  3.511%.

5/1 ARM Jumbo Elite: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 60 months, the payment will be $8011.70 with a corresponding simple interest rate of 2.605%; for the remaining 300 months, the estimated payment will be $10190.19 with a corresponding simple interest rate of 4.875%. The interest rate and payment may vary after the first 60 months.

30yr Fixed Jumbo Elite: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $8937.71 with a corresponding simple interest rate of 3.461%.